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and that those that are on the upper end of that tax code are a paying more. mitt romney's $5 trillion tax plan isn't hard to explain because of the time it's hard to explain because of the math. the math doesn't add up. $5 trillion isn't paid for and what it requires is economic studies have shown this is that mitt romney has to raise taxes on middle class people to provide people like him with a tax cut. month speaking of middle class families, median household income for americans in the past four years has dropped $4,000. middle class families are hurting. and yesterday the vice president joe biden said how can you justify raising taxes on the middle class that has been buried the last four years? was that a gaffe by biden or was he speaking the truth? >> what vice president biden was saying, what i believe many middle class families throughout this country believe, median household income didn't fall in the last four years, median household income fell in the last decade since we began keeping statistics. >> the vice president said buried the last four years suggesting something happened i
of what happens when mitt romney is forced to tell the truth. a fox affiliate here in denver asked romney to explain what paul ryan could not, how he plans to pay for $5 trillion tax cut by only eliminating deductions. >> there's an option. you could say everybody is going to get up to a deduction and you could use your home mortgage deduction or others, health care deduction and fill that bucket, if you will, the $17,000 bucket that way and higher income people might have a lower number. >> at least the plan has a name. it's the bucket plan. mitt romney will cap deductions at $17,000 for all americans. is that good for the middle class? do the math. for rich americans, the cap, it just might be lower than that. he was very vague on that point as well. the big problem with romney's bucket plan besides being hilarious is it would only cover $1 to $2 trillion of the $5 trillion tax cut. that's according to the tax policy center. they figured it out. even when romney gives specifics he doesn't answer the questions. e we still don't know how he plans to pay for the tax cuts without hurting th
with romney's bucket plan besides being hilarious is it would only cover $1 to $2 trillion of the $5 trillion tax cut. that's according to the tax policy center. they figured it out. even when romney gives specifics he doesn't answer the questions. e we still don't know how he plans to pay for the tax cuts without hurting the middle class. paul ryan is sticking to his reason for not giving any specifics to chris wallace on fox news. he said he had no time. >> i'm going to give you the time now to answer the question. >> when i start getting the numbers. >> that's right. >> ryan was given the time by bloomberg television. he had a new excuse for not being specific. he says mitt romney can't show congress all of his cards before he gets elected. >> you don't say to congress to democrats you want to work with, take it or leave it. it's all my way or the highway. you say here's my framework. obviously, the numbers add up. we have shone that. >> hang on a second. ryan says they have shown these numbers and shown how they work. folks, they have not. it's impossible to show how numbers work when you
, ilt close to $2 trillion below the growth now. in order, the growth is this and romney is going to lower the growth by nearly $2.trillion. >> now that's a great number. real fast from you, doesn't he have to give somebody, how's he going to get there and how's he going to do this? >> expand being the pie dramatically, which is what will happen with 12 million new jobs, more americans working, more americans paying taxes, more businesses producing more, more people to sell to but that is going to pour in money. >> it's a great supply-side answer. i'm not sure it nails the question but it's a great -- i don't know, it hard for me to understand what's going on but i'm going to do my best. up next on this show, economic sanctions against iran starting to really hurt. today listen to this, clashes and protests break out over iran's currency crashing. it could be the end of iran as we know it. what a great thought that is. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of
-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. >> it looks like we are having summer rather than the beginning of fall. it will bereaks, pretty sunset. chance for a shower tomorrow. muggy, 80, and then some late-day showers, a chilly day on sunday. we have more on >> thanks very much. >> "abc world news" is coming up next. do not forget the presidential debate. i'm barack obama, and i approve this message. these appliances could have been made here in america. but a company called global tech maximized profits by paying its workers next to nothing... under sweatshop conditions in china. when mitt romney led bain, they saw global tech as a good investment... even knowing that the firm promoted its practice of exploiting...
listen to chris wallace drilling ryan over romney's proposed 20% across account board tax cut. >> the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years, true? >> not in the least bit true. >> stephen: true, not true, who cares? (laughter) it's over ten years. romney and ryan will only be in office for eight of those. let president bachmann worry about it in 2020. that is what hindsight is for. but folks, just listen to this pit bull. >> how much would it cost. >> it's revenue neutral. >> i'm talking about the cut, we'll get to the deductions. >> the cut in tax rates is lower all american tax rate by 20%. >> how much does that cost. >> it's revenue neutral. >> stephen: okay, revenue neutral, chris. but for some reason wallace wouldn't take no answer for an answer. (laughter) jim? >> well, it's not revenue neutral unless you take away the deduction. >> let me just -- >> you haven't given me the math. >> well, i don't have-- it would take me too long to go through all of the math. >> stephen: great answer. (la
incressed by $45 trillion. what about promising to bring down unemployment? president obama will spend 90 minutes tonight from 9:00 to 10:55 or whatever time talking about how -- >> you are in the crowd that romney is going to get the job without saying anything? you think romney can get the job without saying anything? >> dana: where do you get he hasn't said anything? >> bob: tell me what he said about medicare. >> dana: i am not a spokesperson for romney come pain. i read the 59-point plan which is darned detail you made fun of before. >> bob: it's laughable. >> dana: you can is not say he doesn't have a plan. it sounds so hollow. >> bob: what do you say it's not true? you have to lay it out. >> kimberly: you are making statements that are inaccurate. you may it or disapprove, your right, but the american people should decide whether or not they think he can do a better job. >> bob: you know something i don't know. tell me what is the plan? >> eric: who cares -- >> kimberly: why do i care about the liberals? why are you caring about the liberals? >> bob: you said he has a plan. i don't
. well, all the tax expenditures every year together total $1 trillion. so basically romney would have to convince congress to eliminate all tax expenditures to make the math work in his tax plan. that is never going to happen. it's a fantasy tax plan. it would explode our budget deficit. >> i don't think there's any math problem here. most of these deductions and the like, like the mortgage interest deduction, the state and local tax deduction, are heavily slanted towards the upper end. so you eliminate those deductions, you use the money to lower rates. and, in fact, paul ryan's 10 and 25% plan basically hit the same revenue and same distribution as the current tax code. this is totally doable. i give romney credit for moving in the right direction here, but he should be bolder, like paul ryan's house plan. >> the other issue is -- the ultimate goal here is to create economic growth, right? >> right. >> dave, if you were to see these tax cuts actually lead to economic growth, lead businesses to create jobs, do you get there the other way, through economic growth and job creation? isn
will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is likable enough. he has to avoid that kind of characteristic. mitt romney, on the other hand, what mitt has to do is prove that he's a human being, that he's a tin man who has found a heart, who cares about people other than his social class. and secondly, he has to put barack obama on the defensive. a big challenge there for him because the two are mutually contradictory. >> we're just looking at pictures there of mitt romney sans jacket, so trying to prove that he is the man next door. this has been the whole way through the campaign. gretchen, it is obama's to los
trillion. largely based on a study from the nonpaern tax policy center, they know mitt romney opposes cutting all tax rates by 20%. this could add up to $5 trillion, a big cut. but it doesn't take into account eliminating deductions and closing loopholes it would reduce tax cuts on the wealthy, but the problem is romney hasn't been specific about which reductions and how many? false on the claim. eliminating any tax cut would make it less than 5 trillion, even if it's which deductions and which loopholes. you mitt romney likes to talk about the middle class squeeze. wages down and all kinds of prices are up. >> do you realize over the last four years, every year you have seen the median income in america come down. income is down some 4,300 a family. the middle class squeeze has been unbearable. gasoline prices way up. food prices up, electricity prices up. health insurance costs up. >> the facts in this, easy to fin. median income down over the last four years, but only about 2,500 since president obama took office and prices for all those items are up, though, food and electricity b
's character. >> do we want four more years of trillion dollar deficits? >> while romney and obama sharpen their talking points. >> we are cutting our deficit by $4 trillion making sure everybody does it the right way. >> how much do voters really understand? >> debt versus deficit what is the difference? >> debt is what we owe, what we already are in debt for and deficit -- i don't know. >> they are going to talk about the fiscal cliff. do you know what that actually is? >> i do not, i don't have a clue about anything like that. >> how about medicare versus medicaid do you know the difference good li? >> no my parents do my medical. >> john says debates are often about impressions not words. they remember gore's sighing and awkward body language and an incin patient george bush. who am i? >> and they remember one liners. >> jack kennedy was a friend of mine. senator you're no jack kennedy. >> i am not going to exploit for political purposes my opponent's youth and inexperience. >> people translated statements or gestures into insight into a candidate's character. it's all about character.
should never have had. we spent trillions of dollars, a waste of money and a waste of blood. it seems what romney is saying we do not have enough military. again, to my mind, it gets it exactly wrong. i think president obama has been judicious in the past year in this arab spring, which is a tremendous amount of tumult in the middle east. we do not control events cared for romney to pretend that we do it and pretend there is a military approach to all this takes us back to the dark days when we were losing so many more lives and fighting so much useless battles. that was the disaster of the george w. bush administration. seems like romney is intent on taking us straight back to that. tavis: if he were sitting in the moderator's chair to run morrowt your political ideology aside, what do think the american people need to here with the issues that matter to it and the issues that you write about in "the price of civilization", and what would you like to see the two of them go at it? what would you like to see front and center tomorrow night in this conversation? what kinds of questions
a pretty good picture, the other not so promising. but an issue we are told mitt romney wants to bring present and center tonight is the debt. how much we as a country owe. at $16 trillion, plus, remember, it was republicans would made that debt clock a big deal. they want to make a big deal of it tonight. they are saying it strangles america's ability to get a handle on finances and your very future. a lot of parents are less optimistic for their kids obtaining anything approaching the success they had. if that is true it would be a generational first and something we will hear spun in the spin room which we are broadcasting. this is one of the fascinating developments about a debate. this is the place where both the head of the the -- ahead of the debate and after the debate, each side tries to sell their story. one side saying, withheld your expectation and the other side saying the economy is not doing better and they will try to outline how their guy will make it better but hold off on the grand expectations because this is mitt romney and he does not have the flare and the elegan
romney needs to show that the president and his previous budget that he has proposed with trillions of dollars in new taxes only does one thing: it grows the debt. it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap and trade moved through they are getting decimated. we have to have a vision like ronald reagan said, talking about a new dawn for this american economy. >>neil: congressman, you are among those who were brought in, in the republican avalanche that brought in 83 republicans and that tipped the house of representatives to the republicans and made john boehner speaker. you are in a race if your life with an ad everyone is talking abou
life times. now the president cut a trillion dollars and he has a plan to do more, a $4 trillion deficit reduction plan. the only person on that stage tonight with a real deficit reduction plan scored by the cbo, you know, scored by independent economists is barack obama. mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on m
. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. >> well, we are happy to say that the dog is making a recovery. >> the dog was stabbed after an incident. we went out to find out how she is doing. >> with her shaved skin you can still see the scars on this two- year-old. they were worried that she would not make it. it was stabbed seven times. it was following a domestic dispute. >> we were very concerned. >> several of the wounds were serious. michael is an officer with the washington humane society. he has been out there rescuing abused pets. >> i was surprised what happened. in this case, she recovered and is resting. >> walking around. >> how can you do that to that poor little thing? there are some sick people in the world. >> it was thought that the suspect has mental issues. the do
trillion in tax cuts, are we going to hear it tonight? >> i think what you will hear from governor romney is the same thing we heard from president reagan in 1986. in 1986, the last time we undertook substantial tax reform, president reagan or ticklated -- articulated his principles. he laid out the broad guideline and guide him in his negotiation with congress. we did something great for the american people back then. we pushed down rates. that created economic expansion. that is what governor romney wants to do. lower rates across the board. he will reduce the burden on the middle class by allowing them to save and invest tax free. >> bret: in a revenue neutral way. >> for those at the upper end of the scale we get rid of their deductions and credits. so that their share of the tax burden won't change. no tax break for upper income, for the middle class. those who have been affected most horribly by the last four years of the bad economy. they will get a tax cut. >> bret: 30 second left. you heard robert gibbs about the libya situation. your take on the administration, and how that is g
to strengths. by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama officials today insisted that was not a gaffe, biden clarified. >> the middle class was buried by the policies of romney and ryan supported. >> republicans like rubio are off to the races. >> those happen to be the words that the distinguished vice president of the united states mr. joe biden. no, don't boo. he is the best thing we've got going, guys. >> reporter: now denver has always been big for this president. in 2008 is where he launched the hope and change in front of the great columns of the democratic convention. 2009. this is where he signed the stimulus in law. tonight, he puts it all on the line tryi
the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it to provide the tax cut for the rich then they're going to raise taxes on the middle class. that's what the economic studies have shown. look, i don't know anybody who thinks we' we're another tax cu a millionaire away from a stronger middle class. >> watch ed schultz every night at 8:00 p.m. eastern on "the ed show" on msnbc. >>> a judge in pennsylvania has blocked the state's stricter voter inch d. law. ruling means that voters in pennsylvania will not have to show a state-approved i.d. to cast ballots on election day. the judge said he was concerned that the law could prevent some people from voting. the stricter voter i.d. laws in four states remain but tougher laws in at least six other states were either shelved or watered down, including those in a few swing states. >>> america
in charlotte, north carolina, it does not add up when you look at the romney campaign. >> he will say he will cut the deficit. please! he wants $2 trillion in new defense spending that the pentagon did not ask for and he will not saw how he will pay for the tax cut for the wealthy. >>reporter: president obama said he would cut the deficit in half this four years. that has not happened. he is vulnerable on a lot of the key issues. that will be a big part of this face off tonight. >>shepard: thank you, ed henry. as governor romney finishes the debate preparations in the city they are hitting his opponent over the comments from vice president biden. the romney camp calling the remarks about the middle class a stunning admission much he is a spokesman early here on fox news. >> we cannot afford four more years like the last four years we have seen under this president. his own vice president said the middle class has been buried under his policies. what we need is governor romney could come in and deliver a real recovery for the american people. >>shepard: romney campaign trying to capitaliz
. their plan includes $1 trillion in taxes on the middle class. mitt romney and common sense conservatives will cut taxes on the middle-class. we cannot afford four more years. >> i am mitt romney and i approve this message. host: we will take a look at a moment -- take a look in a moment at the latest obama advertisement. this message -- host: now, the president obama advertisement. [video clip] >> a company maximize profits by paying its workers next to nothing in china under sweatshop conditions. mitt romney saw this as a good investment when he led bain, even though they knew they were practicing exploitation of low- wage expectations. tough on china? since when. host: columbia, md., independent caller. caller: i would like mitt romney to reconcile the notion that lowering taxes effectively lowers profits by 3%, carrying a business to hire someone. what business has ever hired someone because they earned more profits? most of this one -- i would like to know their favorite poem -- host: we have this from twitter -- host: cheryl, hello. caller: i have a question for mr. romney and for m
romney and obama sharpen their talking points -- >> we're cutting our deficit by $4 trillion, making sure everybody does it the right way. >> reporter: how much do voters really understand, debt versus deficit? what is the difference? >> debt is what we owe, what we're already in debt for. and the deficit, is what we are already owe, what we owe. i don't know. >> they will talk about the fiscal cliff. do you know what that actually is? >> i do not of the have no include about that. >> i am from washington and have no clue. >> reporter: whabout medicare and medicaid? >> my parents do my health insurance. i know about abortion and gay marriage. >> less about details and policy but more what the kind of person a presidential candidate is. >> reporter: he says debates are often about impressions, not words. they remember gore's sighing and awkward body language and impatient george bush checking his watch. >> who am i? why am i here. >> reporter: and one-liners. >> jack kennedy was a friend of mind. senator, you're no jack kennedy. >> i'm not going to exploit for political purposes, my oppone
this job. i think the other thing the president has to do, he has to take it to mitt romney on his lack of a plan. he's calling for a $5 trillion tax cut. he's not telling people how he's going to pay for it. and i think that's really, really important for obama to say this is a program that, you know, without a basis in facts. so i think that the president shouldn't just take the incoming, but he should be fairly aggressive on the republican platform or lack thereof and go after him. >> got to talk about this new video that's come out now. it's really new old video, and jordan i'll ask you about it. it's from then senator obama in 2007 at what was his home church. got a lot of criticism for the church and reverend wright's message, and also for what is being characterized as him flipping into a more southern and let's face it, black accent here. how damaging is this? >> you know, it's not as damaging as i think a lot of republicans would like you to believe. we already know this about barack obama. he can change his accent and tone. he's said crazy things before he ran for president. i
and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt roromney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ r romney] i'm mitt romney and i approve this message. >>> i am overweight. you could call me fat, and, yes, even obese on a doctor's chart. but to the person who wrote me that letter, do you think i don't know that? >> wow. jennifer livingston, lacrosse, wisconsin. making global headlines, taking on the viewer who wrote to her. and she is really making headlines all across the country. >> an extraordinary four minutes of live television you have to watch to believe. >> sure is. good morning, everyone. robin recovering from her bone marrow transplant. >> it's great to be here with all of you. >>> coming up in a few moments, we'll have the latest on the terrifying stalker trial. the man who was accused of murder represented himself, questioning his victims in court. now, he's been sentenced.
words, think about it, it is easy to do. just follow president obama, follow mitt romney out on the campaign trail, so here is what we're calling the debate before the debate. >> he thinks if we just spend another $5 trillion on tax cuts for the wealthiest americans, if we get rid of regulations on wall street, then all our problems will be solved. and jobs and prosperity will trickle down on all of you and the deficit will disappear and we'll live happily ever after. there is only one problem with that. we tried that in the decade before i became president. it didn't work. top down economics never works. >> i know there are some people in this country that think that the government's role is to take from some to give to others. i'm not talking about the effort to care for those in need. we're a compassionate people. we always care for those that have needs of one kind or another and help people get back on their feet. but he wants to redistribute. and the idea is to try and level incomes. and that's a concept which is not entirely novel, it has been tried other places in the
end it's going to be a very, very close race and the debates will have a lot to do with t mitt romney has the opportunity to completely change the dynamic. mitt romney surrogates have been saying he will put out details, but the question is, what details? on his $5 trillion tax cut, paul ryan said just yesterday and got criticized by one of their own supporters, they didn't have time to go through the math to show how they're going to pay for it. well, tonight they'll have 90 minutes and they should go through that math. >> let's talk about the middle class for a moment. it's been called now a distraction. >> yes. >> the vice president, we played it a minute ago when i was interviewing dan lothian. >> i heard. >> you know what he said, the middle class being buried. and the republicans jumped on that. was that a big mistake on the part of the vice president? >> no. but you know what the republicans are really god at? they're really god at jumping on distractions, jumping on comments taken out of context. the vice president has been saying and has been saying on the trail for some time
to pay for $5 trillion tax plan for millionaires and billionaires and not leave the burden on the middle class. >> barbara, let me ask that question specifically. is there a plan for how mitt romney will respond to that question? that, you know, the tax policy center, it's a nonpartisan group, people served in both democrat and republican administrations, has concluded -- and there do appear to be things that can change. but has concluded to have a revenue-neutral tax plan, you would have to raise some taxes on the middle class. is mitt romney going to get specific on that or say it doesn't have to be revenue-neutral, or how specific will he get? >> that's a totally discredited study. and we are cutting taxes on all people. in fact, it's barack obama's policies which actually we don't know what they are, and jen just didn't tell you. i mean, we have talked about key stone pipeline on day one. we're going to create jobs. they're going to have 12 million jobs we're going to create. and then we're going to lower the taxes on small businesses, because we know that's where the job growth come
. >> so here's the thing i would say to you, governor. if governor romney's track record is relevant, then president obama's track record is relevant. and under president obama the debt has gone to $16 trillion -- he has racked up under his presidency more debt in a single term than every president combined before him. >> that was true with reagan, carter, nixon. >> you have to sit and deal with that track record. >> one other issue we haven't talked about yet, one of these 15-minute segments is going to be about health care. what is the question for mitt romney? i think he should double down and just explain the difference between romney care and obama care. he should own it. >> good luck with that. there's no difference. >> that's not true. for one, his was passed with a bipartisan historic majority. >> and there was no difference between that proposal and what obama did. the difference the republican party refuse today cooperate. >> massive difference. >> there are huge differences. >> there's actually massive differences. >> i think the thing romney has to do there though is actu
even with the trillions and trillions of dollars of costs in obama care. plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help -- >> i'm sorry. is he going to be more specific on what type of loopholes he is talking about, exemptions, to offset these tax cuts that he is proposed to grow the economy. is he going to provide more specifics? >>. >> when president romney works on the economy and health care issues, he will do it in an open and transparent way. they've already said they want to have congress and everybody involved and when governor romney was governor in massachusetts, he worked with an 85% legislator -- legislature and was able to cut taxes over a doz
Search Results 0 to 49 of about 53 (some duplicates have been removed)